IPO - Powerwell Holdings Berhad (PWRWELL)Author: kltrader | Publish date: Sat, 11 Jan 2020, 7:16 PM
Listing Detail:
Number of shares: Stock Code: PWRWELL
Official AnnouncementINITIAL PUBLIC OFFERING ("IPO") OF 145,455,200 ORDINARY SHARES IN POWERWELL HOLDINGS BERHAD ("POWERWELL" OR THE "COMPANY") ("SHARES") IN CONJUNCTION WITH THE LISTING OF POWERWELL ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING:- (A) PUBLIC ISSUE OF 87,400,000 NEW SHARES IN POWERWELL ("ISSUE SHARES") COMPRISING:- (I) 23,800,000 ISSUE SHARES TO THE MALAYSIAN PUBLIC; (II) 60,700,000 ISSUE SHARES BY WAY OF PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY OF MALAYSIA; AND (III) 2,900,000 ISSUE SHARES BY WAY OF PRIVATE PLACEMENT TO INSTITUTIONAL AND SELECTED INVESTORS, (B) OFFER FOR SALE OF 58,055,200 EXISTING SHARES ("OFFER SHARES") BY THE OFFERORS (AS DEFINED IN THE PROSPECTUS) COMPRISING:- (I) 8,350,000 OFFER SHARES TO ELIGIBLE PERSONS (AS DEFINED IN THE PROSPECTUS); AND (II) 49,705,200 OFFER SHARES BY WAY OF PRIVATE PLACEMENT TO INSTITUTIONAL AND SELECTED INVESTORS, AT AN IPO PRICE OF RM0.25 PER SHARE PAYABLE IN FULL ON APPLICATION.
Company Overview
Powerwell provides services in power distribution management. The company offers comprehensive product and service solutions from the product development level to power distribution design. Address & Contact:
No. 1B, Jalan Anggerik Mokara 31/48, Seksyen 31, Kota Kemuning,
News: Powerwell to raise RM21.85m from ACE Market IPO
POWERWELL Holdings Bhd is seeking to raise RM21.85 million from its IPO at 25 sen per share, as the company looks to strengthen and expand its electricity distribution product manufacturing business. “We intend to develop and commercialise our Powerwell-branded products and obtain third-party International Electrotechnical Commission standards-compliant certifications for a wider range of our products. “These efforts are meant to increase our competitiveness in the industry by growing our brand, market presence and market share,” Powerwell MD Jason Tham said at the launch of the IPO prospectus in Kuala Lumpur (KL) yesterday. The group also intends to grow its replacement market business as it sees growth opportunities in this area, with existing buildings due for refurbishments or upgrades to prolong their lifespan. “We have also appointed distributors regionally. We intend to increase marketing efforts locally and overseas to strengthen our brand awareness and brand loyalty,” Tham added. Despite the tough market sentiment expected this year, the company is confident the listing will be a success, driven by over 25 years of experience in the electricity distribution industry and a proven track record domestically and overseas its ED Ricky Lee said. The group has supplied low voltage switchboards and medium voltage switchgears to domestic projects, including both public and private initiatives across different industry segments, such as infrastructure and oil and gas. Lee also expects demand for its products to be boosted by the revival of Malaysia’s construction sector, as well as Indonesia’s intention to relocate its administrative capital to East Kalimantan, Borneo. “Other than that, the IPO will also enable us to gain access to the capital market for future expansion and growth, besides enhancing our company profile and reputation, attracting new skilled employees and expanding our customer base,” he said. To support its manufacturing activities, Powerwell currently operates from manufacturing facilities in Kota Kemuning, Shah Alam, and Binh Duong, Vietnam. The company has supplied products to Vietnam, Bangladesh, Indonesia, the Philippines, Cambodia and Singapore, among others. Powerwell is expected to debut on the ACE Market of Bursa Malaysia on Jan 22, 2020. The group is offering 145.46 million Powerwell shares at 25 sen per share. Upon listing, the company will have a market capitalisation of RM145.14 million based on its enlarged share capital of 580.55 million shares. The IPO entails a public issue of 87.4 million new shares in Powerwell and an offering for sale of 58.06 million existing shares by the offerors. Of the RM21.85 million to be raised from the exercise, RM10.27 million has been earmarked for capital expenditure, involving the purchase of machinery and equipment and the enhancement of Powerwell’s Enterprise Resource Planning systems and hardware. The company also aims to improve manufacturing processing efficiency and boost production capacity. Some RM3.87 million will be allocated for certification expenditure for a range of Powerwell-branded products, RM3.62 million for working capital purposes and the remaining RM4.1 million for estimated listing expenses. Mercury Securities Sdn Bhd is the sole underwriter, principal advisor, sponsor and sole placement agent for the listing exercise, while BDO Capital Consultants Sdn Bhd is the financial advisor.
Labels: PWRWELL LEAP IPO - ACE Innovate Asia Berhad (ACEINNO)Author: kltrader | Publish date: Sat, 11 Jan 2020, 7:05 PM
Listing Detail:
Number of shares: Stock Code: ACEINNO
Company Overview
Ace Innovate Asia Berhad is based in Malaysia, with the head office in Subang Jaya. The enterprise currently operates in the Jewelry and Silverware Manufacturing sector. Ace Innovate Asia Berhad was incorporated on 2009.
No 19-1, Jalan USJ 10/1D
LEAP Market
The LEAP market is an alternative platform for small and medium enterprises (SMEs) to raise capital in an efficient, fast, and transparent marketplace for their business growth. Labels: ACEINNO LEAP IPO - Supergenics Berhad (SGBHD)Author: kltrader | Publish date: Sat, 11 Jan 2020, 6:58 PM
Listing Detail:
Number of shares: Stock Code: SGBHD
Company Overview
Supergenics Berhad provides electrical engineering services. The Company offers designing, monitoring, and other related services. Supergenics serves customers in Malaysia.
No. 57, Jalan Bulan U5/171, Subang 2,
LEAP Market
The LEAP market is an alternative platform for small and medium enterprises (SMEs) to raise capital in an efficient, fast, and transparent marketplace for their business growth. Labels: SGBHD LEAP IPO - Astramina Group Berhad (ASTRA)Author: kltrader | Publish date: Wed, 18 Dec 2019, 10:06 PM
Listing Detail:
Number of shares: Stock Code: ASTRA
Company Overview
Astramina Group Bhd principal activity is investment holding. Its subsidiaries SSSB and ASB, are principally involved in the manufacturing and selling of food ingredients, and trading of food ingredients, respectively. The company is incorporated in Malaysia.
Level 3, Menara Hap Seng
Tel: +603 2026 7282
LEAP Market
The LEAP market is an alternative platform for small and medium enterprises (SMEs) to raise capital in an efficient, fast, and transparent marketplace for their business growth. Labels: ASTRA IPO - Spring Art Holdings Berhad (SPRING)Author: kltrader | Publish date: Sun, 20 Oct 2019, 9:49 AM
Listing Detail:
Number of shares: Stock Code: SPRING
Official AnnouncementINITIAL PUBLIC OFFERING IN CONJUNCTION WITH OUR LISTING ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") COMPRISING: (I) PUBLIC ISSUE OF 97,687,000 NEW ORDINARY SHARES IN OUR COMPANY ("SHARES") IN THE FOLLOWING MANNER: 20,784,400 NEW SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; 4,156,800 NEW SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS AND EMPLOYEES AS WELL AS PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP; AND 72,745,800 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY AND SELECTED INVESTORS (II) OFFER FOR SALE OF 27,019,000 EXISTING SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS AT AN ISSUE/OFFER PRICE OF RM0.25 PER SHARE, PAYABLE IN FULL UPON APPLICATION.
Company Overview
Spring Art Holdings Berhad operates as a holding company. The Company, through its subsidiaries, design and manufacture ready-to-assemble furniture products for export markets. Address & Contact:
Lot Plo 49, Jalan Rami 4, Kawasan Persindustrian Bukit Pasir,
Share Capital
Competitors (PE & ROE)
News: Ready-to-assemble furniture firm Spring Art to list on ACE Market
KUALA LUMPUR: Ready-to-assemble furniture products designer and manufacturer Spring Art Holdings Bhd plans to issue 97.69 million new shares enroute to its listing on the ACE Market of Bursa Malaysia.
Labels: SPRING LEAP IPO - IDB Technologies Berhad (IDBTECH)Author: kltrader | Publish date: Sun, 20 Oct 2019, 9:31 AM
Listing Detail:
Number of shares: Stock Code: IDBTECH
Company Overview
IDB Technologies Berhad operates as a holding company. The Company, through its subsidiaries, provides IT integrated solutions specialising in property management solutions for hotels and accommodations comprising proprietary end-to-end software modules for reservations and booking engines, front desk, housekeeping, point-of-sale software, accounting and others.
C5-3, Radius Business Park, Jalan Teknokrat 2/1, Cyber 4,
LEAP Market
The LEAP market is an alternative platform for small and medium enterprises (SMEs) to raise capital in an efficient, fast, and transparent marketplace for their business growth. Labels: IDBTECH
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